Traditional IRA contributions can be tax deductible or partially tax deductible based on MAGI. In 2014, an individual with a MAGI of up to $70,000 is eligible for at least partial deductibility. There are no income limits on who can contribute to a traditional IRA.
When the water heater breaks / leaks whatever the pressure tank is going to loose pressure telling the pump to come on and the pump will run continually as it can not build pressure to shut it off.
When an electric water heater isnât working, the most common thing we see is the electric heating element being burned out. The electric heating element sticks directly into the tank and heats the water directly. The most common mistake is that people turn on the electric heating element without making sure that water has filled the tank which makes the electric heating element burn up and stop working. Always make sure that you verify there is water inside the tank before turning on the electric water heater.